SOAR is a digital token platform, designed to improve upon the efficiency and transparency of value transfer. Built on the Ethereum blockchain, SOAR provides users with a Proof-of-Stake layer instead of the native Proof-of-Work consensus of Ethereum. Transactions on SOAR can be completed instantaneously in real-time through the use of advanced smart contracts and wallets. SOAR plans to soon launch a wallet which allows users to send Soarcoin without the need to pay an Ether transaction fee (but instead uses Soarcoin for the fee). Integration with various merchants and partners, such as the Australian properties industry, is also planned so that users can easily use Soarcoin to pay for products and services.
Soarcoin (SOAR) is the Ethereum token used by the SOAR platform to power its various features and pay for transaction fees.